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of low-wage americans and their times and the economy as a whole? the debate surrounding raising the minimum wage is the inside story. >> hello, i'm ray suarez. the wheels of the american economy turned with the labor of low wage workers across this country. the dishwashers, retail sales people and healthcare providers who toil at the federal minimum wage haven't seen a pay raise in four years and efforts in congress to find one have stagnated. cities, states, and counties are taking it on themselves to bring their workers to income levels closer to the fiscal realities of these tough times. and it's no easy task. as much debate surrounds the effectiveness of image wage hikes and who really benefits. do these wage controls cost jobs? we'll discuss the issue on this addition of "inside story." but first this background. >> they deserve to live a good life in one of the richest cities in the world. >> reporter: close to 100 people rallied outside washington, d.c. city council chamber as council members inside voted to raise the city's minimum wage to $11.50 an hour. >> congress' fa
they know that these sanctions have absolutely crippled that economy. and so, what we would risk doing here in implementing a new round of sanctions is not just screwing up the negotiation, but sending a message to the iranian people, who are frankly way more pro-american than people might think -- >> right. >> -- that we aren't really serious about ultimately doing the deal they want. the hard-liners are isolated right now in iran, and we are, frankly, going to empower them if we show up at the table in the middle of these short-term negotiations with a new round of sanctions that even though they may take place in the future. this is about building confidence with the negotiators on the iranian side but also the iranian people. >> there's a political dimension to this. one of the polls we have, which is from reuters ipsos, on support for this deal show 2-1 support for it, which i was heartened to see. that doesn't necessarily reflect what i saw necessarily in the pundit class. but there's another moral dimension to this. i've heard a lot of people, along with some of your colleagues and c
to the economy and will i make as much money next year and will i have a job. so all of these things and it seems to be more so on people's minds because confidence numbers are dropping and that is a trend that we are seeing since the beginning of october. neil: that has been what you believe, right? >> a lot of people are expecting health care costs to rise another new tax that will calm on consumers. there are a lot of things that have hit the economy, concerns about the government shutdown, concerns about his health care plan, that has translated into not a lot of new jobs. a lot of the numbers have been disappointing and people see that. for people that are working and haven't lost their jobs, they probably feel confident that they can go out and spend some money for the christmas season. but no one is feeling gregarious because there is a lot of uncertainty about the economy and at the same time, we have a 7% consumer savings rate and that is all the way down to 2% now. what we are seeing is consumers have chipped away at any savings they have had and have very few bullets left in the chambe
. they were audiologically opposed. they had a closed-off economy, they were politically and militarily opposed. with china, we depend on china. every object we pick up says made in china, and china depends on us. what we have here is a situation in which our economic interests, our political interests in many areas, our interests in solving global problems like climate change and piracy are aligned. what we need to do is create diplomatic channels that find ways to resolve the territorial issues without letting it spin out of control. if you think about world war i, nobody wanted to go to war. but, you know, there was a fascination in serbia, and as it escalated, the sort of logic of alliance meant that they ended up in a conflict. that is what secretary of state john kerry is trying to prevent. >> your foreign policy service, your greatest fame may have come from an article in "the at lantic" calmed "why women still can't have it all." you wrote and i quote: >> what that is to change for that to happen, and how do we go about it? >> thanks for asking. i never expected to be talking on
in stock prices but in property markets, as well. he called the u.s. economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees value in energy and health care, so far this year the broad-based s&p 500 index is up more than 26%. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable. >> you know, susie, i think the primary thing that creates sort of a bubble economy and ultimately a recession is just simply too much confidence about the future. when all the players, consumers, businesses, policy officials, everybody gets really bullish about the future they start to engage in dumb behaviors, they stretch the balance sheets, hire too many people and buy that second summer home and that is the thing that ultimately has to be corrected. and i think that confidence is better today but we're still at confidence levels that are below a
in markets like brazil. he said i'm most worried about the boom in the u.s. stock market because the economy is still weak and vulnerable. schiller said he's not sounding the alarm yet but avoids financials and technology. >>> many americans do their investing exclusive italy through mutual funds and retirement plans and some of them are increasingly worried that 401s will not carry them through retirement. some are moving through funds in rand out like a trader buys and sells stocks. this is getting a thumbs up from some investors but a thumbs down from financial investors who guide money. >> she figures she'd need 4 million to have a financially secure retirement. >> top of my list, china, new zealand, africa, antarctica, i want to be able to go freely and not pinch pennies. >> sandy who does not believe social security will be around has been saving money for nearly 20 years. even though she paid close attention to the markets and actively managed the fund she realized the rate her money was going she wouldn't have enough for her golden years. >> i'm not going to save $4 million out of wh
to tell us what it means for the to be american economy and the global economy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on with obamacare. as a business owner, i'm constaly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i t 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me th unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital o. chse 2% cash back or double miles on every purchas every d. what's in your wallet? i need your timesheets, larry! lou: our first guest is here to serve at least partly as a tutor for you will end me. he says that obamacare is the biggest middle-class entitlement ever conceived and he says beyond the flawed website, we need to stay focused on the fact that health care law spends too much on the
economy involving technically legal inlaw units between world war ii and 1960, there were 20 to 30 thousand in-laws were built, today it'sest mated there are 30 to 40 thousand technically illegal inlaw units, who lives in these in-laws? we know the individuals who live in them are tenants who are typically immigrants, seniors, families and there is a disproportionately high number of children as well as some of our city's lowest income and longest term residents. they live in very affordable units but lack tenant rights. a study in district 11 showed that 45% of residents and in-laws don't even have written leases with their landlords. for many year, there have been significant calls for legalization, inlaw secondary units are simple and cost effective methods of increasing our cost effective supply, organizations from spur to the housing action coalition and tenant organizations have encouraged our city to consider legalization, but unfortunately, we have had a don't ask, don't tell policy, we have turned a blind eye to inlaw policies, it has eliminated an average of 100 in-laws e
start to negotiate the best stands for the treat jar ukrainian economy live to one doesn't know what the words when we see you we want it back to times for me and we wanted to intensify all. this agreement is to be signed it was in the fall and it will be necessary to comply with the stunts. haiz co was not welcomed by all stations jesus. they hope to summon enough punishment revolts on tuesday to oust the cabinets. you are gentle called reached justified its decision by saying that ukraine could in the photo great treats aren't sweet to watch. he estimates showed about forty five cents of ukrainians support posts but integration with the eu. but that was ordered as favoring the most part sweet to watch bulls coach point two brackets you with the eu by finding some new ukrainian imports and a quick single trade sanctions. in two thousand knowing dispute between kiev and moscow on gas prices resulting gas being cut off to the ukraine for a three week period the general cctv transmission out to thailand anti government protest leader says that the attacks obama said on tuesday that he
. they've got a good monetary policy, lower corporate tax rates than we have. their economy is growing better. but when it comes to health care, they come across the border. >> well, the wealthy and those that can afford to come across the border do. but those that can't get access to health care in america are stuck in emergency rooms with high temperatures waiting to get their children taken care of. i concede this is a mess. we may have tried too much too fast and on a partisan basis. i've said we should hit the reset button and open ourselves up to new ideas. and larry kudlow always has new ideas, even if they're conservative. >> i appreciate that and appreciate your honesty. republicans are licking their chops about the elections coming up in 2014, roughly a year from now. we're going to talk more about that later in the show. what i want to ask you is, what can you do for a simple, transparent, compassionate response to the breakdown of obama care? i have an answer. but i want you to go first. >> well, with any health reform proposal, we have to look first at the root cause of th
that expanding sunday work to help the economy employees at this home improvement store have fought for months to work on sundays we continue to spare during the week i decided to get twenty find unison. mawson working on a sunday is a choice for me to be doing the years. i'm happy about that a government commissioned report says greater flexibility and clarity are needed. he recommends reducing the number of allow working some tasty. while confined it also recommends revue in commercial zones are determined to break down shops and stalls easier open on sundays because the famous and the music for stone that department stores next to the opera remain closed. and not slacking on sundays here in france is the subject of the debates which starts right now with costs october which is already started here and here on the set many things like their pride. in the newsroom. also tongs has made good on his promise france's president promising to reverse the trend of unemployment before the end of the year last thursday news came and twenty thousand jobless went back to work well that's the good news an
consumers and the economy. plus a look at the health of the obama care exchange after two months, and why some states want to blaze their own trail. >>> and a blast of the 401k returns. the latest controversy. i'm david shuster, and this is real money. ♪ >> this is "real money," and you are the most important part of the show. so join our live conversation for the next half hour on twitter @aj real money. black friday has come and gone, but cyber monday is upon us. today is the day that men many americans take advantage of shopping dials online. sales dropped 3% from last year so a lot of economists are counting on the online surge to soften what normally would be considered an abysmal weekend. in terms of shear volume the shottener is not helpful. an estimated 59 million americans did some christmas holiday shopping online over the weekend averaging purchases $178 each. that is up from last month's figures. now a projected jump in cyber monday sales of 18.7% compared to last year. but most americans do the majority of their holiday shopping the old fashion way by cramming into malls, d
for the to be american economy and the global onomy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on withtÑ lou: our first guest is here to serve at least partly as a tutor for you will end me. he says that obamacare is the biggest middle-class entitlement ever conceived and he says beyond the flawed website, we need to stay focused on the fact that health care law spends too much on the wrong people. joining us tonight is tom scully. he is the former leader for medicare and medicaid services during the bush administration and also a health policy staffer in the bush xli white house. in a new york privatee equity firmexpert on health care. we are hearing great skepicism our own reporters and correspondent, peter ducey, getting error messages when he logs on and it looks to be a bit of a mess. what do you think? >> i'm sure 's getting better, i think it's a lot better from a consumer point of view from what i can tell. i
families more vulnerable to the anxiety of today's economy than a broken health care system. so we took up the fight because we believe in america nobody should have to worry about going broke because someone and their family got sick. we believe we are a better country than a country where we allow every day 14,000 americans to lose their health care coverage or wherever i year tens of thousands of americans die because they don't have health care. we felt we were better than that, that is why we took this on. [ applause ] >> and, that's what the government lost a little bit over the last couple of months and our focus rightly had to shift for its working 24/7 to fix the website healthcare.gov for the new marketplace. and today the website is working well for the vast majority of users. more pop up and when we do we'll fix those too. but what we also know is after just the first month, despite the problems in the rollout, about half a million people across the country are poised to gain health care january 1st, for the very first time, we know that. half a million people. [ applause ] >>
to have a thriving economy. we share best practices and collaborate to educate the public. and we've realized on many of you who are in the audience. let's get back to where i started people who are crazy enough to think they can change the world do we have them here from leader nancy pelosi who has been protecting the environment to mayor ed lee who is building the extension programs who has helped to there our focuses and effectiveness and strengthen our role 90 in government and the architect is being trormd. we should all take heart from their transformational change. we've shown we can continue our focus to our values we'll indeed have an impact on the federal government in the lives of the american people and hopefully on the world stage where america continues to lead. now we have a woman who needs little introduction nancy pelosi is the representative for the one hundred and 31st congress reforming the political system to create clean campaigns and concocting reforms and slurring the neighborhoods and scalds. from 2007 to 2011 she served in the house of representatives and
of to witness the clean up air energy economy we know this could trigger a market transformation for the evolution we're witnessing but in order to unleash the potential we must provide the cat lift for a are you unnecessarily product and services. that catalyst as i mentioned it green finance sf. we've seen other parts of the state here in california that have adapted pace programs like in riverside county and have each year the positive impacts. we know the stories of individual that have benefited from the pace programs. we know those upgrades can save money for crucial home improvement projects but illuminate bills. in the future it was important for mayor ed lee and i to make sure this finance had a strong workforce component. we had meetings with our partners in labor to start the conversations and we know that training and employees for jobs in the many energy economy is key to keeping them employed but helping them find meaningful careers and building their families within your borders. we have clean energy we want our workers to benefit. we're going to continue to work f
had to say. >> shut down everybody government.in but let's go to the state of the union. economy continuing to strengthen. no washington shutdowns. i think the president will people's d the confidence will recover. we need to push congress to do immigration, to do smart things to help the economy. the american people are sitting at home talking about all of the issues which is most important to me. job and my -- my income. and that's what washington needs to focus on. are merican people screaming at us. focus for us what's important to us. plouffe there writes -- paints a bright picture on the in zon for the white house terms of how things could go. how do you see that? >> the president said this is in hands. we can try to turn this around as david said about is health working. are people getting insurance? are insurance companies saying yes? right data.g the and, yeah, there are -- there not in that maybe short of term where the -- where the country starts saying, okay, bumpy start. but it's getting better. the economy is improving. at the same time, you -- you have a series of
demographics and different markets for each one of them. big market shares to gain in the emerging economies, particularly in china. put them both in your stocking this christmas season. > >thank you lincoln ellis. > >you bet. retailers are seeing a spike in "online" shopping-- but it's too soon to tell if it'll make up for the slight drop in sales over the thanksgiving weekend. our cover story looks at who's gaining in the big push of the short shopping season. shares of internet retailer e- bay advanced in trading on cyber monday-- closing at 51- 35. while amazon declined to $392-30. retailers look for online sales to hit two-billion dollars for the first time ever, capping the first wave of holiday shopping. "there's good bargains. maybe 30--35% off." the short holiday shopping season---shorter by six days including a valuable weekend led some to push cyber monday into the weekend, much as brick and morter retailers pushed black friday earlier. "inovember one started with promotions that made it seem like, "black november. but some retailers started in september." so far, it has been l
's economy. america's economy, what about this great? this seems to be contrary you would think that renewable energy would save energy but the opposite seems to be true. >> yes, the problem is that renewable energy, wind and solar, it is more expensive and right now they are producing about 5% of our electricity. well as coal reduces about 40%. natural gas and oil produces a substantial amount also. so here the government is trying to get us to switch to a more expensive fuel and at the same time, one that is difficult to store with wind and solar. gerri: we know it is more expensive, we are paying for them and the taxpayers are paying for all of this, either through tax breaks or the green energy companies or other kinds of write-offs. but at the end of the day, why can the grid not handle it? what is a technical issue? >> it is difficult. they turn and they create energy, it is difficult to get that energy over to the coast and we generate a lot of wind energy in the country. and it's difficult to get overlooked where it's needed. and once you start trying to get it out elsew
a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in thi
of like the economy last time around. we'll see. thanks so much. bill: i have been hearing that line for 3 years. give me a break. fox news alert minutes away from an answer from spa bankrupt american. the motor city is struggling with $18 billion in debt. mike tobin is at the courthouse. what as expected today. good morning. judge steven road is expected to rule on two points. the first point is whether the city is insolvent. the second point is whether the city negotiated in good faith. that is a little more subjective. attorneys representing pensioners say they were in talks with the city. so we'll watch that. if the judge rules that the city is eligible to move forward with bankruptcy protection they move forward with what's called the plan of adjustment, the largest debt restructuring of a municipality in u.s. history. if the judge says the city is not eligible for bankruptcy, the city gets flooded with a new round of lawsuits from creditors and the motor city has one big problem. bill: what's the chance those people lose their retirement in this deal? >> reporter: that's the issue th
be a big win for the u.s. economy going forward. explain. >> we know the human toll. you heard the mayor bing talk about it. kevyn orr talked about it. no doubt. human beings lives are at stake and promises were made. but you have -- and dive just mentioned the previous guest, this unhoe live alliance where unions push politicians, who did them favors, making the unions stronger and able to push in the same policies. this beneficial cycle of power sharing that really helped to bankrupt not just detroit but a wheel lot of other places on the brink. these were very -- promises made over a long period of time, and if we were being honest about it, up -- people could see this coming for a long perfected of time but you had this powerful power structure, and this is what they -- >> talk about a human toll, a big toll on taxpayers. >> mayor bing said, you weigh the consequences and, yes, there's some part is going to come out hurt, and this particular caves it was the unions, but -- >> it's not the first time, right? in the case of the private companies -- we can go back to the days of steel a
-world war ii era. to folks in washington seem put the brakes on the economy every six months or so, so they are not helpful with respect to real growth in the economy. i think americans will put more money in education when it is doing better. havenk they are going to bigger pressures. legalf course you have reform. education fornd every child. allowed for the growth education, overseeing kids in% of the districts they would already be attending. that is a solution. >> inc. you, governor. i am a senior adviser to the education foundation. you imply we know what works, at there seems to be consensus that the weakest link seems to be our secondary schools. the president announced a grant program. many people believe we are no longer meeting the needs of people. >> we have a number of initiatives doing that, including allowing high school atdents to take courses college. in one case: locating schools on college campuses, or inviting them to have courses in the school. think we failed most of the kids in the early years. we just a bigger price in the later years. a child not doing well in
the inception. this is 20% of the economy health care. it's not going to happen overnight. for me who's not a health care specialist, i look at three or four things that make it critically important. 3 to 4 million people uninsured, will be insured. the 100 plus people that get preventive care that don't have it and the 125 million plus people that have preconditions that will now have to not worry they won't get insurance. those are the things most important to me that is not someone worrying about the day to day website. not that it's not a problem. >> the day to day function of the website comes back to this question about affordability for health insurance longer term. to get younger healthier people involved, it's got to be easy for them to sign up not as difficult as it is right now. when we start to look at what the premiums will be for the next year and beyond i mean, all -- this becomes very, very poblgd. lgd jfrz >> to get health care lower costs, website has to be ioned out. we need to get the young and vibrant to want to go on the exchange. adds peo
on and that's jobs and growing the economy. in my home state of nevada, we still have a stubbornly high unemployment rate above the national average. despite improvements in certain sectors, there's far too many nevadans who are still looking for work. many who have been out of work for now more than a year, year and a half, going on two years, and i know it's part of the budget debate that will occur between now and january 15, will be this discussion about extending unemployment benefits. which is incredibly important to american families who have been struggling during this sustained recession. and so i would challenge my colleagues on the other side, allow us to bring forward the number of jobs legislation and bills that would help build our infrastructure back up in this country. allow us to bring these bills to a vote in this chamber so that we can get our country moving again, we can get the middle class economy moving, we can help middle class families who are trying to provide for themselves and their families with good, sustainable, family-sustainable jobs. not low-wage jobs t
, small businesses in this difficult economy. >> there are a lot of vacant storefronts, so we are trying to find people to read these spaces. there is a bookstore over there. this way there are a lot of businesses that have been closing. >> i support the small businesses versus more chain stores that seem to be coming in to some of the vacant storefronts. i am trying to be sensitive to the local merchants because they make up the unique character and diversity of our neighborhoods. you go to lafayette. i was just there reading to a bunch of kids. i think i was reading to fifth graders. what grade are you in? >> as a member of the school board, i know strong schools in the richmond is key. also, from the birth to 5 commission -- each commission has an organization to oversee pre-kindergarten kids. i want to ensure that the state level that we advocate strong support for young children and their families, good parenting support as well. >> often, we have to govern with our hearts. 80,000 people in the richmond district sometimes have different needs than people in the mission district or b
or a place to work and create jobs that way but to grow the economy in the surrounding area. that is what it makes it a model to the nation and that's what san francisco is also ready and able to do. as we bring life into the building this is renovated in the great recession and now ready for another service hopefully it is something we'll be calling the great come back of our economy. i think mayor ed lee and everyone here for our leadership all your leadership because it's more than a building it's more than a workplace or a you mean it's to growth and regional it's the link from the past a great past as the un plaza to the future and i couldn't be happier to be here with you to celebrate that. so thank you very much all very much. thank you so much congresswoman your leadership in the house that passed the recovery act not only helped to create and save millions of jobs but it is what made this project possible so thank you. tiger lee is the director for the administration services he's served a vital role to build a responsible government for the american people. he's been recognized
. are they worth it? with me now, author of upcoming book, it's worse than you think, the u.s. economy and th the dece of the middle class. and trey, welcome. chris, i don't remember sales going down, a big deal, what do you make of it? >> i wish i could make better news of it. we have record unemployment. we have zero wage growth. we have 48 million people, americans on food stamps, last time i hecked santa does not take ebt. it snow surprise this sale -- it is no surprise that sales were down. >> shopper spent -how much is that? per family? 423 down from 423 in 2012. >> i think this question requires maybe a big picture approach, holiday shopping started early this year. retail me not conducted a survey. survey. 40% of shoppers started in september. it might have taken a bite out of the black friday sales. and there was a 21% jump in cybershopping monday. it might plan out. >> it always goes up, double digit? >> i don't know if much. last year was the biggest on-line shopping day in history, we were expecting a 15% jump. >> another big question, who won out, is it bcks and mortars or on-li
for the economy. air amazon, geoff bezos is floating the idea. we will ask an expert if the drone delivery service is really coming to your doorstep. >>> picture this: sweeping scenes and deeply personal moments. tonight, the most extraordinary images of the year. >> there is much we do not know about yesterday's deadly train derailment but we know this. it was traveling at an extraordinary rated of speed, almost three times the limit as it approached a dangerous term. several cars jumped the track leaving the scene of devastation. four passengers were killed. scores injured. investigate orders are trying to figure out what went wrong and why. jonathan martin has the latest. >> reporter: the question remains now: was this caused by operator error or some sort of mechanical error on the brakes. we know from the ntsb, speed was a factor. >> that's something that was reported early on by passengers and witnesses. investigators with the national transportation safety board say they now know the commuter train was going too fast as it approached a curve. >> the preliminary information -- let me emph
care debate is over, that we've got to make this work. the real issue is going to be the economy. the average wages of working americans declined in the past ten years, how do rewe restore growth in the pocket books not just in the stock market for the american people? we've got to lean in on that and start addressing the concerns of parents trying to send their kids to college, get them jobs. retirement security, these are things that have been put on the side and it's really a discredit that congress is focusing on middle class concerns. >> congressman, to that point, we're seeing a rising movement across the country in support of raising the minimum wage, something that republicans and congress seem to have no interest in doing. but are you hearing from constituents that that's a concern to them? do you think ultimately we could see enough pressure brought to bear that even republicans in congress admit that we need to raise the minimum wage that it would be good for the economy and lift a lot of people out of poverty? >> absolutely. when you see the stories about food service
if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more? it's a first-class quandary that we have to dive into headlong on "mad money" if we're going to figure out the market's move. it's distracted and a parlor game and we find you the best stocks and the best opportunities. the only focus on the fed's next move the last three years, you missed some of the single best moments to invest in our lifetimes. i regard that as terrible. i regard it as shameful because this fed-centric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and it's the market as a marionette. my favorite credo is the opposite. the stocks represent companies and the companies march to many different drum e not just the fed drummer. some companies do better than higher interest rates and like the minerals and oils and most important, many companies do better because their managements are smart or incentive to create value. if you spend all of your time waiting for the fed to tell you
. caller: good morning. host: you are on, go ahead. said, theye he just .ay and could boost the economy so i agree. but at the same time it is not for sure that this is what they are going to do. promises, promises. what they're going to do, what they could do, how but given the -- they try to schedule trips to out-of-state. we want to go and explore the regions outside planet earth. we overhear her -- overhear hurting. you know, but i mean -- the i'm going to say it like this. more tightening up. alright. what the heck? twitter --f web talksat's on the about a concert that used drones to deliver beer. it says -- dominoes even floated the idea of testing pizza delivery. it says -- most of the responses to this amazon ising that thinking about a drones system that would deliver packages of a certain weight in about 30 minutes. you saw video of that, which sparked some of the reaction, even to the point of legislators. we want to get your thoughts on commercial uses of drones in the united states, if you would support or oppose that. on your screen. lauren is on our for those that supported.
/2 year, 57.3 would suggest the u.s. economy is gradually regaining momentum. and on the currency markets, dollar/yen now up to 103.08, up to fresh six-month high on dollar/yen. euro/dollar, just below the 1 .36 mark we were at on thursday and sterling just back from that 1.64 of 11.6 1.6384. the aussie is the second worst performer after the g-10 in the currencies. australia's central bank says the country's currency is still uncomfortably high. those comments sending the yield down further. little urgency for more rate cuts. policymakers keeping them on hold. earlier cuts are still taking effect once inflation is tamed. joining us with his thoughts, may bank in singapore. andy, thanks for joining us. is the aussie/dollar going to get weaker? >> i think generally if you look at the markets, you look at the options site, it looks like we're probably going to see a bit of saturation on the short aussie. you're probably going to see a limit about the 90 levels. but our view is tapering in the first quarter, probably first quarter of next year, it may go down to about 88 cents against the do
with significant gdp recovery. connell: treating the economy like a crisis, talking about the recovery has been slow but not a crisis anymore and we need to get rid of this policy. >> the fed board in $3.5 trillion adding $85 billion a month. it is another trillion. and they did it in an environment where they were returning to normal behavior patterns. connell: the idea of being straightforward, absolutely, what happened? what is the follow-up? >> whether it is tech stocks, they go to an extraordinary level. bond prices go up because yields are coming down. you always get a warning at the end of the bubble, extraordinary reversal, and look at the bond markets, we just had that. at 1.7% on a ten year treasury, at an all lori: pace. after ben bernanke set i am worried about the pace of the interest rate, and climbing back up, all this money, inflation is inevitable, interest rates go up. and the bond bubble move, a bursting of the bubble, risk takers. and they are the ones that get hurt. connell: you are absolutely right, people have shifted their life savings to the bond market. interesting we
to face but on the other hand san jose is a major city with a diverse economy and a lot of resources to face the challenge with. adam: thank you very much. a reference on that is the morningstar report. that looked at municipal debt of cities throughout the country. thank you for coming to talk about this. won't end anytime soon. lori: detroit not alone working out the debt problems. lawmakers in illinois gearing up for a vote to close the state's $100 billion pension shortfall. the proposed plan includes raising the retirement age for workers younger than 45 and cutting retirement benefits. the plan is supportive of governor pat quinn and unions say they will sue if the legislation is passed. automakers were thankful for thanksgiving weekend, the big three posting monthly gains in november compared to this time last year. ford's november sales jumped 7%. gm notched 14% gain and big winner chrysler coming with a 16% sales increase. a slow month for auto sales manufacturers offer deals to capitalize on the holiday shopping season. adam: is now the time to get bullish? the biggest bear
in six months. >>> cybersurge, why today's shopping frenzy is vital to the economy. >>> what iran is telling al jazeera about its nuclear deal. >> what are you talking about, he's dead. >> an exclusive investigation into prison health care. >> evey sunday night, join us for exclusive, revealing, and suprizing talks with the most interesting people of our time. this sunday, >> i spent my whole life thinking about themes and thinking about how to structure movies, so this is highly unusual. >> the director of the sixth sense, says there are five things we can do to fix education in america >> the united states has education apartheid, that's the facts... >> talk to al jazeera with m. night shayamalan sunday at 7et / 4pt on al jazeera america >> anest natean estimated 131 mn americans have gone online and spent big bucks. sales could top $2 billion. that would be a cyberrecord and 20% more than a year ago. online growth has been bigger than growth at bricks and mortar stores. and david strawser said it's been an especially hard year for retailers. >> the low-and middle-class has been
, or were. >> or good economic numbers. >> they said the economy was supposed to grow according to barron's, supposed to grow 1.7% -- or 2.7%. >> or find another bin laden. >> david fluff talking about when obama was to find a bright part of the rainbow, whatever that means. >> you'll see almost every state in this country running their own exchanges. i think it will work really good then. >> there you go, 2017. >> right around the corner. >> right around the corner, kids. >> i thought they said it was working now? >> i love it. >> it's going to be awesome when he's out of office is what he's saying. >> if we stick with it. if we believe in the great good, this will work out. >> it took medicare six or seven years to get settled down to work. >> it works? >> of course it does. you don't think it does? >> no. >> you would like to privatize it. you and paul ryan. >> that's not what paul ryan says. >> that's not minimize what it is. i say let people keep more taxes and fund a program that isn't working and rife with fraud and -- >> $200 billion in vouchers -- >> what's wrong with re-examinin
among 65 countries and districts that make up the lion's share of the global economy. american teens are down four spots in science coming in at 24. and they slipped another -- >> this is unbelievable. >> ten spots -- >> look at that. >> to 21st when it comes to reading. several chinese cities as well as japan and singapore saw their students improve significantly. >> willie geist, your mom has been involved in educational reform. we were talking about mike bloomberg who dedicated four years to it. the gates spent billions and billions of dollars and the only thing -- not the only thing but one of the main things they learned reducing class sides. they spent billions of dollars on that. that doesn't work. man, the past four years when it seems everybody's focus has turned to education reform in a big way, just been disastrous, not disastrous but terrible. our state of the union are getting worse and worse. >> this is a trajectory we've seen for more than a decade. it goes back. maybe you say we'll give the reforms of the last few years to settle in. reaction to this study was amazing
's health care law continues to wreak havoc on families, small businesses and economy. it's not just a broken website. this bill is fundamentally flawed. >> our republican colleagues have focused so much attention, in fact, obsessed in killing the affordable care act they failed to focus on real needs of americans. >> smashing the speed limit. investigators say derailed commuter train traveling three times the legal speed heading into that dangerous curve 82 miles an hour. still unknown was the crash that killed four passengers caused by mechanical failure or operator error. >> for the train to be going 82 miles an hour around that curve is just a frightening thought. >> we showed you amazon's delivery of the future but drone delivery raises important questions. we'll have more. >> what could go wrong? >> good day, everyone. i'm andrea mitchell in new york. the obama administration trying to get past disas true rollout kicking off a new campaign promoting benefits of the health care law. robert gibbs msnbc contributor and former white house press secretary during the president's firs
which is great for us and, of course, great for the economy. melissa: do you have any idea roughly what percentage? because that's all the the complaint in the holiday season, people say there's great seasonal work, and, in fact, in our next segmt we're talking about how people can really find jobs this time of year that turn out to be permanent. about how many do you think end up being permanent? >> i don't have a specific number percentage, and some of that will depend on ourrowth as we move into the year and the economy and demand for our services, but it has been consistent that seasonal positions turn into full-time positions for us for the past several years. melissa: we've seen a huge jump in online shopping. we saw that evenhisweek as, you know, so many stores went out and opened on thanksgiving, and they did everything they could to get more shoppers into brick and mortar stos. black friday weekend. and still the number of shoppers out there and the amount of money they spent on foot, brick and hour tar, went down. do you s the pick beup in shipping? is all that moving online,
and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney addressed that report a few minutes ago. >> our general contractor has stood up a team of experts working already closely with issuers to make sure that every a 34 form past and present is accurate. we believe that and our confident that they will be able to ensure that accuracy in time for the january 1st beginning of coverage. >> peter alexander joins me. peter, it is a new day, new tone and we will hear from the president shortly. in a sense, maybe not the icing on the cake but certainly a show of confidence in the last 24 hours. >> reporter: it is a show of some public confidence right now. it's certainly a new tone, not clear if it's a new day for the guys that just yet particularly here at the
the local economy and maintaining a strong connection to our san francisco lines. when looking for a new headquarters it was location, location, location. we needed somewhere to provide easy access to lots of local businesses and restaurants and remain convenient for mass transit riders and bike riders a lot of our employees ride bikes. combrem is pack at about local plays and celebrate the distinct active and unique. we want to have this into a more than workplace. talking of resident at the 130 montgomery is an important milestone. we'll celebrate our tenth anniversary next year. i'm privileged to introduce yelp leader our 2kwishd nancy pelosi (clapping.) and what on a honor to be your representative in congress. thank you jeremy. your leadership and your sense of community and for staying in san francisco. i'm honored to join you and your colleagues especially our mayor who has a relationship with this part of the whole city, of course, but this was his baby and he's done a remarkable job. when we cut relishes at another that i have i tip my hat to president obama for helping to make
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